Re: Bush busts Social Security with massive deficits
From: Igor (jjweatherby_at_houston.rr.com)
Date: 10/04/04
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Date: Mon, 04 Oct 2004 17:18:32 GMT
The Trucker wrote:
>>Returns to
>>capital are dimishing and capital reaches a steady state in the long run
>>in which taxes do not effect.
>
>
> More assertion and nothing else.
>
>
>>We can't get much more return from
>>physical capital.
>
>
See Caldor '54 for the data that show all of these statements are not
assertion. Alternatively you could look Prente and Presscot 1998 for
another study of the stylized facts about economic growth.
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